Orlando, FL -- (SBWIRE) -- 10/30/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Pitney Bowes Inc. (NYSE:PBI), Advanced Micro Devices, Inc. (NYSE:AMD).
Pitney Bowes Inc. (NYSE:PBI) shares gained 7.95% to $20.77. The company on Oct. 29 said revenue for the quarter, excluding discontinued operations of the Nordic furniture business, was $939 million, which was a decline of 1% when compared to the prior year. Adjusted earnings per diluted share from continuing operations for the quarter were $0.49 per share, which includes a $0.06 per share tax benefit primarily associated with affiliate reorganization. Earnings per diluted share from continuing operations, on a Generally Accepted Accounting Principles (GAAP) basis, were $0.38 per share.
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Advanced Micro Devices, Inc. (NYSE:AMD) shares increased 0.30% to $3.33. The company on Oct. 24 launched the AMD Radeon™ R9 290X graphics card, introducing the ultimate GPU for a new era in PC gaming. As the top AMD Radeon™ R9 Series graphics card, the AMD Radeon™ R9 290X GPU delivers breathtaking performance while pushing the boundaries of audio and visual realism for gamers who demand the best.
Additionally, the company on Oct. 17 reported a third-quarter net profit of $48 million, or 6 cents a share, compared to a net loss of $157 million, or 21 cents a share, in the year-ago quarter. Non-GAAP earnings of 4 cents a share beat expectations for 2 cents. Revenue rose to $1.46 billion from $1.27 billion in the third quarter last year. Analysts on average had expected $1.416 billion.
Is AMD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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